Japan’s Kirin May Buy Minority Stakes In Brazil Unit -Report

Japan's Kirin Holdings Co. Ltd. (2503.TO, KNBWY) may offer to buy up minority stakes in its Brazilian unit, Schincariol, as it seeks to end a legal battle with family members, the Valor Economico newspaper reported on Friday.

In early August, Kirin paid 3.95 billion Brazilian reais ($2 billion) for a 50.45% stake in Schincariol, and the owners of the other 49.55% -- all related to the same family which owned the controlling stake --filed a legal challenge to the takeover.

Based on the paid price in August, buying the minority stake could cost another BRL3.88 billion, according to the report.